the maximum will reach 181 euros

AdminFebruary 5, 2024

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Today is Monday February 5th from 2024, electricity price on the wholesale market it will be 80.92 euros megawatt hour (EUR/MWh). According to data published by the Iberian Energy Market Operator (OMIE), this represents growth 34.15% (20.6 euros) compared to this Sunday’s price of 60.32 euros.

When is electricity cheaper?

The cheapest hour of electricity will be at noon between 13:00 and 14:00.when will it cost 50.0 euro (0.15554 euro/kWh). If you are unable to use this time slot, please use the following best available options:

From 12 to 13: 60.0 euro/MWh (0.16768 euro/kWh)
From 14 to 15: 51.0 euro/MWh (0.10686 euro/kWh)
From 15 to 16: 59.71 euro/MWh (0.11854 euro/kWh)

On the contrary, the most expensive time to turn on the lights will be in the evening, between 20:00 and 21:00.when will it cost 181.26 euro/MWh (0.31144 euros/kWh), that is, almost four times more expensive than the cheapest hour. This isn’t the only lane to avoid. Please note the following:

From 19 to 20: 129.47 euros/MWh (0.24714 euros/kWh)
From 21 to 22: 111.36 euros/MWh (0.22486 euros/kWh)
From 08 to 09: 98.59 EUR/MWh (0.15993 EUR/kWh)

Electricity cost per hour

This Monday electricity tariff Depending on the time interval, the price will fluctuate quite widely, including periods when the price almost reaches the 200 EUR/MWh barrier. Therefore, it is important for the economics of any home to consult electricity price per hourto concentrate consumption during hours when the cost of electricity is lower.

Thus, the cheapest hours will be in the middle of the day, from 12:00 to 15:00, where the price will average around 55 euros. On the contrary, the hours we should avoid would be in the afternoon from 19:00 to 22:00, without ignoring the most expensive watch, which will cost 181.26 euros. In the following list you can hourly cost.